Digital Payment and Future Growth of Financial Transactions in Indian Economy

Author(s)	Dr. Salmamani Tudu, Dr. Kali Pada Munda
Country	India
Abstract	Digital payment is narrative financial revolution in India and fuelled of phenomenal success and witnessed a staggering surge in digital transaction. In the transaction of Digital payment to avoid corruption, black money and counterfellet currency because it keeps watchdog eye view records maintained by government of various clained and businessman. For near future, the digital payment is most essential in day to day life for online payment transaction of money in various financial institutions and customer. The methodology of research is based on secondary data sources of RBI bulletin, the techniques tools are applying CAGR, SD, CV and polynomial equations trend line graph of digital mode of payment. The result show in overall annual growth 38% in volume and 9% in value and direction of the study to indicate fluctuate positive growth in overall digital payment. The highest among all indicators mode of payment, UPI is being found tremendous growth 23% in digital payments in India.
Keywords	Digital Payment, Growth NPCI, RBI, Trend Analysis
Field	Business Administration
Published In	Volume 8, Issue 3, May-June 2026
Published On	2026-05-11

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